Although I know it may be difficult to think of saving money for "emergencies" when I get my first big-girl job, I know the investment now will be worth it when unexpected events occur in the future. If my car gets damaged and insurance will not cover all of the repair costs, my monthly income may not be sufficient to cover the extra amount plus all of the normal bills. Thus, I plan to invest at least 10 percent of each paycheck into an emergency savings account which is only to be used in case of an emergency.